November 2023 Edition

​​​​​​​​​​​​Get ready for the end of the year: learn how to complete missing enrolments and identify those who are ineligible for DPSPs. Also, discover new resources: self-service online courses and articles on how to improve your employees’ financial literacy.

Vol.13 No.10

GRS Insights

Your plan members

How to

Investments and financial markets

​Get all The Essential news

The Essential keeps you up to speed with your Desjardins retirement savings plan.

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  1. This report is available for all plan types, except Defined Benefit Pension Plans (DBPPs), Investment Only Plans (IO) and Individual Pension Plans (IPPs).
  2. In certain circumstances, the CRA may provide some relief on the consequences. Employers must go through their tax specialist to make such a request.
  3. In the case of plan members who become ineligible after enrolling in the plan, the consequences listed are applicable on contributions made after their change of status.
  4. In that case, ask your tax specialist about how to correct the situation with the CRA.
  5. In certain circumstances, there may be exceptions for contributions made in the same year as the withdrawal.
  6. Registered Retirement Savings Plans (RRSPs), Voluntary Retirement Savings Plans (VRSPs), Defined Contribution (DC) Plans, Specified Pension Plans (SPPs), Deferred Profit Sharing Plans (DPSPs), and Non-registered Savings Plans (NRSPs).
  7. Processing times do not take into account potential postal delays.